Thread: USD/JPY Updated Analysis

USD/JPY

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, but fall in activity of both parties, marked by OsMA trend indicator, suggests preservation of earlier designed trading plans for today. Namely, we can assume testing of 84,60/80 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 84,00/20, 83,60/80 and (or) further break-out variant up to 83,00/20, 82,40/60. The alternative for buyers will be above 85,20 with the targets of 85,60/80, 86,20/40.

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USD/JPY

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked this month`s top by a sign of rate overbought, suggests further probable rate range movement, but with preserved preference of bullish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2840/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2900/20 and (or) further break-out variant up to 1,2960/80, 1,3020/40, 1,3080/1,3100. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Daily updated technical analysis on majors

USD/JPY

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, however, low activity of both parties, marked by OsMA trend indicator, suggests preservation of earlier designed trading plans practically unchanged. Namely, as earlier, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 84,60/70 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 84,20/30, 83,80/90, 83,40/50 and (or) further break-out variant up to 83,00/10, 82,60/70, 82,00/20. The alternative for buyers will be above 85,40 with the targets of 85,80/86,00, 86,40/60.

Daily updated technical analysis on majors

USD/JPY

The pre-planned break-out variant for sales has been implemented, however, descending direction of indicator chart favors holding of open short positions with the targets of 83,00/10, 82,60/70, 82,00/20. The alternative for buyers will be above 84,00 with the targets of 84,30/40, 84,80/85,00.

Technical analysis on majors

USD/JPY

The earlier opened and held short positions had a positive result in attainment of the anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by relative rise of bullish activity, considering uncertainty about choice of planning priorities, suggests bullish cycle incompleteness and, as a result, planning of short-term long positions is favored. Therefore, considering descending direction of indicator chart, we can assume probability of rate return to 83,50/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 83,90/84,00, 84,30/40 and (or) further break-out variant up to 84,70/80, 85,10/20. The alternative for sales will be below 83,00 with the targets of 82,60/70, 82,10/20.

Technical analysis on majors

USD/JPY

The pre-planned buying positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preserved low activity of both parties, as earlier, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement, and taking into account current descending direction of indicator chart, we can assume probability of rate return to 83,50/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 83,90/84,00, 84,30/40 and (or) further break-out variant up to 84,70/80, 85,10/20. The alternative for sales will be below 83,00 with the targets of 82,60/70, 82,10/20.

Technical analysis on majors

USD/JPY

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, however, fall in activity of both parties, marked by OsMA trend indicator, as a result of the previous trading day, suggests preference of further rate range movement with some correction of the earlier designed trading plan. Namely, we can assume probability of rate return to close 83,70/80 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 84,20/40 and (or) further break-out variant up to 84,70/80, 85,10/20. The alternative for sales will be below 83,20 with the targets of 82,60/80, 82,00/20.

Forex technical analysis on major currenc pairs

USD/JPY

The anticipated rate return to key supports has been confirmed, however, progress of bearish activity, marked by OsMA trend indicator, as buying activity declined, was treated as a negative aspect for implementation of the pre-planned buying positions. At this point, considering current situation as favoring bearish party, we can assume probability of rate return to borders of Ichimoku cloud at 83,60/70 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 83,20/30 and (or) further break-out variant up to 82,60/80, 82,00/20.

Technical analysis on majors

USD/JPY

The pre-planned short positions form key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked essential rise of bullish activity as a result of the previous trading day, considering the chosen strategy, suggests preference of bullish direction in planning trading operations for today. Therefore, at this point, we can assume probability of rate return to close 84,20/40 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 84,80/85,00 and (or) further break-out variant up to 85,20 with the targets of 85,60/80, 86,20/40, 86,80/87,00. The alternative for sales will be below 83,80 with the targets of 83,20/40, 82,60/80.

Technical analysis on majors

USD/JPY

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preserved bullish party activity in the bigger picture, suggests to choose buying positions in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 85,00/10 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 85,50/60, 85,80/86,00 and (or) further break-out variant up to 86,40/60, 87,00/20. The alternative for sales will be below 84,20 with the targets of 83,60/80.

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